Virginia § 59.1-284.37 - Resources for public institutions of higher education
Full text of Virginia Code of Virginia § 59.1-284.37 — Resources for public institutions of higher education, with citation guidance and answers to common questions.
§ 59.1-284.37. Resources for public institutions of higher education
A. To support the needs of a qualified company, and other manufacturers and companies engaged in research and development in and near a qualified county, up to $2,525,000 shall be made available to a comprehensive community college and a baccalaureate public institution of higher education in or near an eligible county. Subject to appropriation, such funds are expected to be available in the Commonwealth's fiscal years beginning July 1, 2020, through July 1, 2024, as follows:
1. $730,000 for the Commonwealth's fiscal year beginning July 1, 2020;
2. $493,750 for the Commonwealth's fiscal year beginning July 1, 2021;
3. $493,750 for the Commonwealth's fiscal year beginning July 1, 2022;
4. $493,750 for the Commonwealth's fiscal year beginning July 1, 2023; and
5. $313,750 for the Commonwealth's fiscal year beginning July 1, 2024.
B. Funds awarded pursuant to this section shall be used for (i) enhanced soft-skilled training; (ii) collaboration to ensure an effective workforce development program; (iii) equipment, maintenance, and personnel needs for bioscience training and education; and (iv) increased educational opportunities in science, technology, engineering, and math.
C. Decisions regarding the application and awarding of funds shall be determined annually by the Secretary of Commerce and Trade, upon the recommendation of the President and Chief Executive Officer of VEDP, the Chancellor of the Virginia Community College System or his designee, and the Executive Director of the State Council of Higher Education for Virginia or his designee. Such officials may request from applicant institutions, and base decisions upon, annual reports from such institutions setting forth proposals regarding how such funds would be spent and reviewing how awarded funds have been spent.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 59.1-284.37
What does Code of Virginia § 59.1-284.37 cover?
Section 59.1-284.37 ("Resources for public institutions of higher education") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 59.1-284.37?
A common citation format is "Code of Virginia § 59.1-284.37" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 59.1-284.37 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.